The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ASSOCIATED BANC CORP COM 045487105 3,302 130,000 SH   SOLE 0 0 0
BANK HAWAII CORP COM 062540109 2,057 24,000 SH   SOLE 0 0 0
BB&T CORP COM 054937107 4,972 100,000 SH   SOLE 0 0 0
CATHAY GEN BANCORP COM 149150104 717 17,000 SH   SOLE 0 0 0
COMERICA INC COM 200340107 2,691 31,000 SH   SOLE 0 0 0
COMMERCE BANCSHARES INC COM 200525103 3,303 59,150 SH   SOLE 0 0 0
CULLEN FROST BANKERS INC COM 229899109 947 10,000 SH   SOLE 0 0 0
EAST WEST BANCORP INC COM 27579R104 5,232 86,000 SH   SOLE 0 0 0
FNB CORP PA COM 302520101 4,160 301,000 SH   SOLE 0 0 0
FULTON FINL CORP PA COM 360271100 895 50,000 SH   SOLE 0 0 0
HUNTINGTON BANCSHARES INC COM 446150104 4,295 295,000 SH   SOLE 0 0 0
IBERIABANK CORP COM 450828108 1,318 17,000 SH   SOLE 0 0 0
M & T BK CORP COM 55261F104 1,539 9,000 SH   SOLE 0 0 0
PEOPLES UNITED FINANCIAL INC COM 712704105 2,805 150,000 SH   SOLE 0 0 0
PINNACLE FINL PARTNERS INC COM 72346Q104 1,193 18,000 SH   SOLE 0 0 0
PROSPERITY BANCSHARES INC COM 743606105 2,733 39,000 SH   SOLE 0 0 0
REGIONS FINL CORP NEW COM 7591EP100 2,851 165,000 SH   SOLE 0 0 0
UNITED BANKSHARES INC WEST V COM 909907107 3,267 94,000 SH   SOLE 0 0 0
US BANCORP DEL COM NEW 902973304 3,751 70,000 SH   SOLE 0 0 0